Ask a Scots Law Question, Get an Answer ASAP!
Thanks for your question. I am a solicitor in Scotland with 35 years of experience in private practice and I hope that I can help you with your question today. Let me have a quick look at your question and I will either give you an initial answer or ask you for further information. I aim to respond as quickly as I can but sometimes I may want to take a little time to consider your question so as to give you the best possible answer.
Is it your intention to leave everything to each other on the first death and then to your child or do you have another course of action in mind? What are your specific concerns?
Then you can each make a Will expressing your wishes. You should have this drawn up by a solicitor who can discuss the best way of dealing with this because there are certain things that could possibly be done to save inheritance tax and also to avoid losing part of your estate to the cost of nursing care should this be needed in the future. An examination of the title would also need to be done to advise on this. I hope this helped you today. Please do let me know if I can clarify anything. I am always happy to help. You are always welcome to ask a follow up question if it will help you further.